The latest financial report from Paul Mueller shows the company continuing on a solid track after a few years of losses. The final report for the second quarter of 2014 shows net sales increased by $7 million over the second quarter of 2013. That’s an increase of 15 percent. Gross profits are also up $3 million over the same period last year.
The company reports it is paying more taxes these days as it transitions out of several years of losses into profitability. Those increased taxes have affected net profits, but the Mueller reports its year to year pre-tax comparisons are encouraging, as it experienced a strong 2013 following an extended period of losses. The report also shows the company’s bottom line being bolstered by strong sales from its Dutch subsidiary, Mueller BV.
Paul Mueller manufactures stainless steel tanks for dairy farms and other large industrial uses. It employs about 600 people at its Springfield facility.